BlackRock Rowena Kwok Phone: (+852) 3903 2913 Email: [email protected] Anthony Arthur Phone: (+852) 3903 2915 Email: [email protected] FTI Consulting Alvena So (Hong Kong) Phone: (+852) 3768 4552 Email: [email protected] Natalie Carter (Singapore) Phone: (+65) 6831 7825 Email: [email protected] BLACKROCK APPOINTS HELEN ZHU AS HEAD OF CHINA EQUITIES ASIA-PACIFIC, 10 March 2014 - BlackRock, Inc. (NYSE: BLK) today announced that Helen Zhu has been appointed as Managing Director and Head of China Equities, effective 7 April. Reporting to Andrew Swan, Head of Asian Equities, the appointment significantly strengthens BlackRock’s China equities capabilities as well as being integral to the firm’s Asian Fundamental Equity franchise. Subject to regulatory approvals, Ms. Zhu will assume management of portfolios later in the year. Andrew Swan, Head of Asian Equities, commented, “Helen’s appointment continues a series of senior hires adding to a talented team. Her insight into China’s financial markets, built from a decade of bottom-up China equity research experience and additional China macro strategy expertise, will further enhance the team’s investment capabilities. The team has seen high-level performance and asset growth over the past two years founded on a strong investment philosophy and robust process.” Mark McCombe, Asia Pacific Chairman, added, “We have been building our Asian equities franchise under the leadership of Andrew Swan since 2011. Helen’s appointment is testament to that continual commitment. Our goal, as always, is to put the best talent behind our investment philosophy and process, and deliver a superior outcome for our clients.” Ms. Zhu joins BlackRock after eight years at Goldman Sachs, where she most recently held the position of Managing Director, Chief China Equity Strategist. Prior to assuming this role, she worked in the Global Investment Research Division of Goldman Sachs as Asia Business Unit Leader for the telecoms and internet sectors, covering China and regional telecoms stocks. Ms. Zhu also worked at ABN AMRO for five years in a similar role covering telecom equity research. Prior to this, she worked in investment banking in New York and Hong Kong at Donaldson Lufkin & Jenrette. – Ends – About BlackRock BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At December 31, 2013, BlackRock’s AUM was $4.324 trillion. BlackRock helps clients meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares® (exchange-traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. Headquartered in New York City, as of December 31, 2013, the firm had approximately 11,400 employees in 30 countries and a major presence in key global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit the Company's website at www.blackrock.com. Important notes In Hong Kong, this press release is issued by BlackRock Asset Management North Asia Limited. This press release and the BlackRock’s website (www.blackrock.com) mentioned herein have not been reviewed by the Securities and Futures Commission of Hong Kong. In Singapore, this press release is issued by BlackRock (Singapore) Limited (company registration number: 200010143N). Investment involves risk. Past performance is not a guide to future performance. The value of investments and the income from them can fall as well as rise and is not guaranteed. You may not get back the amount originally invested. Changes in the rates of exchange between currencies may cause the value of investments to diminish or increase. Levels and bases of taxation may change from time to time. This press release is for informational purposes only and does not constitute an offer or invitation to anyone to invest in any BlackRock fund and has not been prepared in connection with any such offer. Any research in this press release has been procured and may have been acted on by BlackRock for its own purpose. The results of such research are being made available only incidentally. The views expressed do not constitute investment or any other advice and are subject to change. They do not necessarily reflect the views of any company in the BlackRock Group or any part thereof and no assurances are made as to their accuracy. ©2014 BlackRock, Inc. All rights reserved. iShares® and BlackRock® are registered trademarks of BlackRock, Inc., or its subsidiaries. All other trademarks, servicemarks or registered trademarks are the property of their respective owners.
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